We envision reliable grid operation and flexibility market efficiency

Future smart grids require the effective interaction between energy markets and electricity grid management systems in order to introduce new services and mitigate risks introduced by high RES penetration. FLEXGRID envisages the orchestration and integration of:
  1. advanced electricity grid models and tools,
  2. flexibility assets’ management tools, and
  3. data analytics and accurate forecasts of the various markets and RES production, in order to guarantee cost-effective and stable electricity grids.
Towards this end, the FLEXGRID project proposes a holistic future smart grid architecture able to accommodate high RES penetration through the advancement, interaction and integration of:
  • innovative models that are based on recent advances in game theory in order to quantify and highly improve the trade-off between the various future energy markets’ requirements (Real Time, Efficient, Strategy Proof, Competitive, Scalable, Fair and Privacy Protecting) and guarantee, theoretically and in practice, the “fairness” of the equilibrium points that energy markets reach,
  • grid system models that use optimization theory to achieve more efficient market clearing and Optimal Power Flow (OPF) algorithms to achieve scalability, in a way that must also be Low Overhead, Multi-period, Robust and Network Upgrade Planning Aware, and
  • innovative Business Models through the use of artificial intelligence, which can be exploited by modern Energy Service Providers (ESPs) and RES Producers (RESPs) to achieve economic and operational benefits through their efficient interaction with FLEXGRID’s advanced markets and electricity grid models.
FLEXGRID will help:
  1. DSOs/TSOs manage safely and at low cost their electricity grid by interacting with ESPs and RESPs through novel flexibility market procedures,
  2. modern ESPs become more competitive and sustainable, and
  3. RESPs optimally compose and exploit their production in a risk-averse manner by making their RES generation dispatchable.
Key Exploitable Results

The FLEXGRID project develops a set of key exploitable results (KERs) that consists of software solutions, algorithms, as well as policy-related results.

Most of the KERs are designed to be incorporated in the FLEXGRID Automated Trading Platform (ATP) and its sub-components. This platform acts as a front end for the users of the FLEXGRID solutions and allows for an effective data exchange between the different system components. Users of the ATP include DSOs, FMOs, and ESP/aggregators who each have access to bespoke graphical user interfaces (GUIs) that provide specific functionalities to each user type. On the backend of the ATP, different toolkits equipped with algorithms deliver functionalities that provide value to different target customers. 

Project partners
1. Institute of Communication and Computer Systems, Greece
2. Etra Investigacion y Desarrollo SA, Spain
3. Smart Innovation Norway AS, Norway
4. Nord Pool Consulting AS
5. NODES AS, Norway
6. University of Cyprus, Cyprus
7. University of Zagreb, Faculty of Electrical Engineering and Computing, Croatia
8. Croatian Transmission System Operator LTD, Croatia
9. bnNETZE, Germany
10. DTU Danmarks Tekniske Universitet, Denmark
11. AIT Austrian Institute of Technology Gmbh, Austria

Funded by: European Commission - 863876

Overall Budget: 3,889,056.25 €

Project duration: 10/2019 - 9/2022

Scope: EU-H2020

Microfocus: Trading flexibilities
Evaluation of trading mechanisms or prizes for flexibilities or ways of remuneration of flexibility providers

Macrofocus: Organisational & market structure
Evaluation of organization and market structures for a comprehensive application of flexibilities on a macro level

Degree of Prosumer & consumer involvement: Low
Rough evaluation of their needs and expectations as flexibility providers within the project

Technical Readiness Level (TRL):


Read more on the project website